XRP Price Rises 20% As Entire Crypto Market Bounces From Crash

The price of XRP, the third largest cryptocurrency with a market cap of $ 29.14 billion, today reached $ 0.64, an increase of 20.62% from yesterday’s price, according to data from CoinMarketCap. This is the last coin to recover from this week’s stock market crash.

The price of XRP rose by 57% from $ 0.36 from last week, making it the third best performing cryptocurrency the week after Stellar and Horizen. During the previous week, XRP rose the most of any other major cryptocurrency.

This is recently entered territory for XRP. On November 23, he passed 0.50 USD for the first time since 2018. Since then, there have been many ups and downs.

After knocking nearly $ 1 November 24, XRP price crushed by 20% the next day. The downward spiral continued on November 26, falling below $ 0.50 at 4:44 p.m. UTC before regaining strength shortly thereafter, rising above $ 0.50 at 8:14 p.m. UTC.

Bitcoin, the largest cryptocurrency by market cap, has risen 5.67% in the past 24 hours to hit the current price of $ 17,674. Overall, the price of Bitcoin has fallen 5.43% this week.

Meanwhile, Ethereum, the second largest cryptocurrency, rose 6.22% to $ 539, close to its weekly increase of 1.36%.

The crypto market recovered slightly from its plunge this week. Crypto’s market cap has grown 7.15% in the past 24 hours, which means that the overall market cap has reached $ 527.83 billion. Coinciding with the crypto market crash earlier this week, the S&P 500 fell from its all-time high and the Dow Jones fell below 30,000 basis points.